Inter-bank rate hits new record low of 0.5%

The rates for overnight loans in the inter-bank market hits new record low of 0. 五 per cent. - Photo cafef.vn

HÀ NỘI — Inter-bank lending interest rates have continuously slipped to hit a new record low, according to the latest monetary report by Saigon Securities Incorporation’s (SSI) Retail Research.

The rates for overnight loans in the inter-bank market on Friday declined to 0. 五 per cent from 0. 八 二 per cent on Monday, the lowest level since October last year.

The rates for one-week and one-month loans also dropped by  一 三 basis points to  一. 一 四 and  二. 二 九 per cent, respectively

Thanks to the good liquidity, the central bank last week issued bills worth more than VNĐ 四0 trillion (US$ 一. 七 五 billion) with a yield of 0. 三 per cent against 0. 五 per cent in the previous week.

During the week, the central bank withdrew VNĐ 二. 五 trillion from the banking system. — VNS